The analysis hereon is directly related to our recent article "On Prices" which defines how well a trader / chartist can identify price discrepancies and the importance of monitoring price action among selective trading platforms common used particularly in the foreign currency market.
A clear example is the registered closing and opening prices of the EURUSD, GBPUSD, the USDJPY and the EURJPY, GBPJPY crosses just to name a few. However, the recent election that took place in Japan over the weekend has made the USDJPY at the central stage of the currency market. With an opening price gap much higher @84.10 from its closing price @83.50. Although, this market swing is more correlated to a fundamental catalyst that drove the Japanese Yen at its lowest levels has pre-ordained the USDJPY to its present directional trend. The only determining factor would be the strength and breath of the currency pairs at the present time especially towards the last few trading days of the year.
Moving forward, the major crosses ...
Moving forward, the major crosses ...
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